Cobra's Market View

January is about over which I only placed 58 trades in total (normally more than 100-200 trades a month due to travelling.) Among those trades, 53 trades were winners and 5 were losers with each average loser is ~0.10%. Let's see what the end of next February will bring. I'm off to travel again this...

ES=2708.xx is very likely the peak for today. It might get tested again after this mini pull back is over.

luckystar2006 wrote:I guess another leg up will kick in once ES retests level of 2656.xx (currently ~2657)

Here it's: 2661.00 so far....

I guess another leg up will kick in once ES retests level of 2656.xx (currently ~2657)

If there were a 2nd down leg, it should be somewhere around here (i.e. @S ~2639.00)

BullBear52x wrote:I got stop out on both direction. time to take a break.

ES got stuck among key support and resistance levels on large time frames which explain all those yoyo actions within an hour and half. I'd definitely stay out until the direction is clear.

I'm done today. 2636.xx is where it will pull back a little bit and then more on the upside until market close? Too bad that I can't stay up longer to trade atm as I got to get up early tomorrow morning. It's 2:26am here. Good luck...

2630.50 which is so far so good. All signs suggest a little more room on the upside.

Let's see if ES is going to be put in a bottom ~2622.00 for today....

IMHO any swing trade on the upside for the next few days is going to be risky, except scalping/day trading.

BullBear52x wrote:Today day trading is the worst one this week. Good luck swing trade. It's Friday, Peace!

I hear you bro. Today, I took far less trades than other days as well as racking in small profits.

There are financial news feeds that run inside stock trading platforms. I have had mixed success with free ones. I have not tried the paid services. Future Trader 71 has a new firm, Convergent Trading and he quietly pushes the service package they negotiated for members. You may want to check it ou...

.... I frequently stay in China while travelling around asia/europe ... How do you stay inside China while traveling in Europe? I used it as a base since we/our parents own few properties in different parts of china. Two weeks ago, we flew to Yunnan province to rent a brand new 1-bedroom condo from...

So the selling is because they are re-opening the government. I'd really appreciate if someone could post events like this on here that I couldn't watch out for. Many news website and youtube are blocked inside china as I frequently stay in China while travelling around asia/europe which I won't go...

I notice in the past that when market is trending on Friday, scalping on both sides tend to work better after 12pm. Otherwise, you will get stopped out while the intraday trend is too strong. lately ATR >1.5 trending and <1.2 is range day. right now is reading at 1.2. (1min chart) I used a wider th...

I notice in the past that when market is trending on Friday, scalping on both sides tend to work better after 12pm. Otherwise, you will get stopped out while the intraday trend is too strong.

luckystar2006 wrote:The small up leg should happen now after retesting level of 2638.00

I consider 2640.25 is good for me for this small up leg.

The small up leg should happen now after retesting level of 2638.00

Pulling back here and there could be another small up leg into the close, but we might run out of time. Too bad.................

BullBear52x wrote:Not a group of bullish pack here.

Damn it, there should be a 2nd down leg after ES testing level of 2639. Now, that is not the case anymore.